Ed Sheeran is set to go on his Mathematics tour next year – and it reportedly comes following a plummet in income from touring during the pandemic as he took a break
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Ed Sheeran reportedly saw his income from touring drop from £70 million to under £600 during lockdown last year.
The 30-year-old scored the highest-grossing tour of all time with his Divide tour between 2017 and 2019 – featuring performances of tracks like Shape of You and Galway Girl.
It’s understood to have made more than £630 million and it’s been reported that during this period, the Grammy Award winner made almost £200,000 a day from live shows.
This source of income however is said to have plummeted during the first 12 months of the Covid-19 pandemic, with the singer-songwriter then reportedly making £1.62 a day.
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A source has spoken to The Sun about the accounts for Ed’s company, Hayagotatourboi Touring, and has claimed that his earnings from such nose dived last year.
They said: “He has absolutely raked it in from his tours and in the past three years the firm has made more than £250 million.” This is said to amount to earning £192,000 a day.
The source said that following a break from touring, amid the pandemic and releasing his latest album, the daily income had lowered to around £1.62 a year later.
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The outlet reports that his account from touring for the 12 months up to the end of March 2020 held £70 million – but it claims that 12 months later, the same account had £591.
Further discussing the situation, the source added: “Taking a break from music in 2019 and working on Equals is the reason the cash flow in the account has dropped down.”
They however predict that he’s set to replenish the account with his upcoming Mathematics tour – with tickets having gone on sale in September this year.